stimulus

With the Federal Reserve’s meeting currently underway, many are expecting the board to stay the course with its $85 billion in monthly bond purchases due to the government shutdown. As far as markets are concerned, this could mean a nightmarish next few months, economists say.

Romney Communications Director Gail Gitcho says the “CBO” report from the Obama administration claimed that the stimulus would keep unemployment below eight percent. The CBO doesn’t work for Obama, as Cooper notes, and it never wrote that. The eight percent figure comes from a projection authored by Obama aides before he even took office.

Rick Santorum rails against the Obama administrations heavy spending. In 2003, however, Santorum, speaking in support of the Bush tax cuts, said the effect of the $600 million “stimulus” should outweigh any debt concerns.